Tell Governor Richardson to take on TIDDs

The New Mexico legislature is considering three pieces of legislation dealing with "greenfield" Tax Increment Development Districts (TIDDs). Although originally used to promote urban infill development in blighted areas where investment would not happen without such subsidies, TIDDs have begun to be used to subsidize sprawling greenfield development, encouraging unsustainable development that is contributing to global warming. TIDDs also divert community resources: up to 75 percent of a TIDD's gross receipts and property tax revenues can be diverted directly into the pockets of developers.

The New Mexico legislature has the opportunity to close some of the most egregious loopholes associated with greenfield TIDDs. However, while solutions are stagnating in committee, a massive bond for the SunCal TIDD is flying through the legislature, on a fast track to the Governor's desk.
Please call Governor Richardson and ask him to bring some sense to greenfield TIDD financing!

Call Governor Richardson today at 505-476-2200.

Here's a sample message you can leave:

"Hi, my name is _____ and I'm from _____, New Mexico. Please oppose SunCal TIDD financing bonds, SB 398 and HB 276. Please support solutions to greenfield TIDDs like HB 451 and SB 434."

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